Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Thank you very much for your replies to my priviours questions. I am a sole trader. My income is not regular for every month. For example on May 2020 I earned $3,400, on June 2020 I earned 0 dollar, on July 2020 I earned $10,164 and then on the month of August and September 2020 I earned 0 dollar. For the jobkeeper turnover test we decline income by quarter. Could I total my whole year income then divide it to 4 quarter to get the average income for each quarter. And could I use this method to decline my turn over test for jobkeeper extension for quarter July to September 2019? Thank you